BUSINESS NEWS

SECZ suspends stockbroker over possible abuse of client securities

The Securities and Exchange Commission of Zimbabwe has suspended stockbroker Benson Gasura to pave way for investigations into possible non-compliance with the regulator's directive on nominee account...

By Staff reporter | Published: 11 October 2019

POLITICS

Mnangagwa govt targets Zanu-PF crooks

PRESIDENT Emmerson Mnangagwa's government has launched a fresh blitz against Zanu-PF bigwigs and other crooks who have stashed billions of United States Dollars abroad the Daily News reports. This com...

By Staff reporter | Published: 05 October 2019

TELECOMS & TECHNOLOGY

Xiaomi's new smartphone other smartphones look old-fashioned

Chinese tech giant Xiaomi just revealed on Tuesday a new 5G concept smartphone called the Mi Mix Alpha. It has a screen that wraps almost all the way around the phone, and it looks utterly incredible....

By Staff reporter | Published: 27 September 2019

MINING & RETAIL

ZimCoke says ready for production

COKE making firm, ZimCoke Private Limited, says it is geared to commence production once it completes renovations on its ovens.  ZimCoke took over coke ovens within the defunct steel giant Zisco ...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

SECZIM develops handbook on Anti-Money Laundering

In a bid to assist Securities Market Intermediaries (SMIs) in understanding their obligations in the fight against money laundering and terrorist financing in the securities sector, the Security and E...

By Staff reporter | Published: 23 September 2019

INDUSTRIALS & ENERGY

Mutoko Independent Power Producer pumps 2.5 megawatts into national grid

MUTOKO community is experiencing less hours of load shedding after a local Independent Power Producer, Nyangani Renewable Energy (NRE) started pumping its solar power into the national grid.NRE is the...

By Staff reporter | Published: 22 August 2019

INDUSTRIALS & ENERGY

Batoka power plant construction set for next year

Zambia and Zimbabwe will start building the 2 400MW Batoka Gorge hydropower plant next year, a company jointly owned by the two governments said yesterday. The Batoka project involves construction of ...

By Reuters | Published: 03 July 2019

POLITICS

Zanu-PF youth League to look into Chiri's reports

THE Zanu-PF Youth League which has been breathing fire and brimstone over corruption in government and the private sector said it will be looking into Auditor-General (AG) Mildred Chiri's reports whic...

By Staff reporter | Published: 01 July 2019

MINING & RETAIL

Police officers clash over lucrative Gokwe mine

There was drama when police from Nembudzia Police Station fought and disarmed their counterparts from the Criminal Investigations Department (CID) in Gokwe after they tried to arrest an officer implic...

By Staff reporter | Published: 01 July 2019

FINANCIAL SERVICES

Tight economy chokes Fidelity insurance revenue

Fidelity Life Assurance says the increase in the costs of basic goods against stagnant wages reduced spending on insurance products.The company's chief executive officer, Reuben Java, told shareholder...

By Staff reporter | Published: 27 June 2019

POLITICS

Mphoko to get his exit package

Former vice president (VP) Phelekezela Mphoko, is now likely to get his terminal benefits, more than a year after he was booted out of government. According to the independently-owned Daily News newsp...

By Staff reporter | Published: 26 June 2019

POLITICS

'Mnangagwa political dialogue a joke'

UNITED African National Congress (UANC) leader Gwinyai Muzorewa has said political dialogue between President Emmerson Mnangagwa and multiple fringe opposition parties is not going to yield anything.M...

By Staff reporter | Published: 25 June 2019

SB Moyo 'furious' after Chamisa jokes

Movement for Democratic Change (MDC) leader Nelson Chamisa on Saturday met, by chance, with the most high-ranking member of President Emmerson Mnangagwa's government in almost six months - and it did ...

By Staff reporter | Published: 09 June 2019

BUSINESS NEWS

Mnangagwa's Cabinet okays provision of forex for basic goods

Cabinet has resolved to avail foreign currency to manufacturers of basic goods for the acquisition of raw materials so as to arrest the unjustified price increases obtaining in the country. The decisi...

By Staff reporter | Published: 02 May 2019

FINANCIAL SERVICES

Zimbabwe's outlook remains bleak - Stanbic

STANBIC Bank Zimbabwe reported a 42% increase in after-tax profit to US$39,15 million in the year to December 2018, but the bank has warned that growth prospects for 2019 remain weak.In a statement ac...

By Staff reporter | Published: 30 April 2019

POLITICS

'Visit to Gukurahundi genocide sites a Mnangagwa smokescreen attempt'

OPPOSITION Zapu has dismissed the planned visit by the country's peace commission to Gukurahundi sites in Matebeleland as an attempt by President Emmerson Mnangagwa to hoodwink the world into the fals...

By newzimbabwe | Published: 26 April 2019

INDUSTRIALS & ENERGY

Cooking oil shortages loom

Zimbabwe will experience serious cooking oil shortages in the coming weeks as foreign currency shortages have affected the importation of crude oil, leaving oil expresses producing a fifth of the 9 mi...

By Staff reporter | Published: 25 April 2019

POLITICS

Chamisa target crooks surrounding Mnangagwa

OPPOSITION MDC leader Nelson Chamisa has called for a complete overhaul of President Emmerson Mnangagwa's government departments to curb the scourge of corruption, which has permeated almost all publi...

By Staff reporter | Published: 24 April 2019

MINING & RETAIL

Mphoko to be paid for 51% of Choppies

FORMER Vice-President Phelekezela Mphoko and his son, Siqokoqela, have exited Choppies Supermarkets after offering to be bought out of the company to end a protracted ownership wrangle. The Mphokos' l...

By Staff reporter | Published: 19 January 2019

POLITICS

Mnangagwa's soldiers in Boko Haram-style invasions

AT a private hospital in Harare on Wednesday, a mother lay between her two children, all writhing in pain from injuries sustained when masked soldiers attacked their home Boko Haram-style.After firing...

By Staff reporter | Published: 19 January 2019

INDUSTRIALS & ENERGY

Art Corporation looks beyond borders

ART Corporation is looking to allocate US$3 million for capital expenditure this year as it aims to manufacture 50 000 batteries whilst strengthening its export position in the regional market.In full...

By Staff reporter | Published: 11 January 2019

BUSINESS NEWS

Zimbabwe looking at introducing local crude oil refinery

Zimbabwe should seriously consider establishing a local crude oil refinery as a way of cutting the ballooning fuel bill, according to the Zimbabwe Energy Regulatory Authority (Zera).Zimbabwe's fuel co...

By Staff reporter | Published: 23 December 2018

BUSINESS NEWS

Callisto Jokonya to lead Zimra Board

The Minister of Finance and Economic Development has announced a new 6-member ZIMRA board in terms of Section 5 of the Revenue Authority [Chapter 23:11] with effect from 19 December 2018.In a statemen...

By Staff reporter | Published: 20 December 2018

POLITICS

Mutambara book launch set for Mutare

FORMER Deputy Prime Minister and academic Arthur Mutambara is set to launch the second of his three-volume thought leadership series, The Path to Power, in his home province of Manicaland tomorrow.The...

By Staff reporter | Published: 20 December 2018

INDUSTRIALS & ENERGY

Forex shortage: Innscor looks within

DIVERSIFIED group, Innscor Africa Limited says it is now leveraging on its domestic fast-moving consumer goods line to cushion itself from high foreign currency requirements. The company said although...

By Staff reporter | Published: 19 December 2018
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